Characteristics of Bitcoin

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Bitcoin has maintained a position that is at the top of all the cryptocurrencies. It has acquired market capitalization of $29,919,930,192. It Was introduced by Satoshi Nakamoto when there was no other digital currency in the world and no one knew about the concept of cryptocurrency and blockchain.

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BITCOIN BEARING ALL THE CHARACTERISTICS OF GOOD CURRENCY Q U I C K F A C T S A B O U T R I L C O I N N E W C R Y P T O - T E C H N O L O G Y

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Characteristics of 1 .   E a s i l y A d o p t e d 2 . P e r s i s t e n t   3 . D i v i s i b l e 4 . I n v a r i a b l e 5 . C o n v e y a b l e 6 . S a f e a l m o s t         i m p o s s i b l e t o c o u n t e r f e i t 7 . F l e x i b l e   8 . E c o n o m i c 9 . P o s i t i v e P a s t R e c o r d s 1 0 . D e c e n t r a l i z e d Bitcoin

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T h o u g h B i t c o i n i s n o t a c c e p t e d b y e v e r y o n e p o s s i b l e b u t p e o p l e h a v e a l r e a d y s t a r t e d t r u s t i n g t h i s t e c h n o l o g y a n d n u m b e r o f p e o p l e u s i n g i t o r i n v e s t i n g i t i s i n c r e a s i n g y e a r b y y e a r . S o m e o f t h e w e b s i t e s b r i c k a n d m o r t a r s t o r e s h a v e a l r e a d y s t a r t e d u s i n g i t . P e o p l e a r e w i l l i n g t o a c c e p t i t o v e r a l l .   Easily Adopted

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o f F o r t u n e 5 0 0 c o m p a n i e s o f f e r a l t e r n a t i v e m e d i c i n e a s p a r t o f t h e i r h e a l t h c a r e c o m p e n s a t i o n p a c k a g e s . Persistent

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B i t c o i n c a n b e p a r t e d i n t o 8 d e c i m a l p l a c e s a n d i t m a y c h a n g e a c c o r d i n g t o n e e d . A t t h e c u r r e n t e x c h a n g e r a t e o f 1 0 0 t h i s i s a d i v i s i b i l i t y d o w n t o 0 . 0 0 0 0 0 0 1 . Divisible

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B e i n g d e c e n t r a l i z e d a n d b e a r i n g n o a c q u i s i t i o n o f g o v e r n m e n t t h e v a l u e o f a b i t c o i n d o e s n ’ t d e p e n d o n g o v e r n m e n t r e g u l a t o r y i s s u e s o r m a r k e t c o n d i t i o n s . I t d e p e n d s o n l y o n t h e d e m a n d a n d n o t h i n g e l s e . S o i t i s i n v a r i a b l e i n c o m p a r i s o n t o f i a t c u r r e n c y .   Invariable

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A s B i t c o i n t r a n s a c t i o n i s f u l l y d i g i t i z e d a n d o n l i n e s o i t i s a b s o l u t e l y p o r t a b l e . I t i s e x t r e m e l y e a s y t o t r a n s f e r f u n d s t o a n y w h e r e i n t h e w o r l d i n s o m e s e c o n d s o n l y . W h e t h e r b e a s m a l l a m o u n t o r a b i g o n e a n y t h i n g c a n b e k e p t i n a f l a s h d r i v e . Conveyable

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Due to increasing interest in bitcoins the number of miners also increasing and in turn providing more flexibility to use them. F L E X I B L E

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B i t c o i n c a n n o t b e p h y s i c a l l y i d e n t i f i e d b e c a u s e i t e x i s t s d i g i t a l l y . S o m e s o f t w a r e m a y b e u s e d t o r e c o g n i z e i t i n t h e b l o c k c h a i n . B u t t o d o i t h u g e a m o u n t o f k n o w l e d g e i s r e q u i r e d . I t i s l i k e i m p o s s i b l e t o c o u n t e r f e i t b e c a u s e o f t h e c r y p t o g r a p h y c o d e s . N o o n e c a n h a c k o r i n t e r r u p t t h e p r o c e s s i n b e t w e e n b e c a u s e o f t h e b l o c k c h a i n t e c h n o l o g y . T h a t ’ s w h y i t i s e x t r e m e l y s a f e . Safe almost impossible to counterfeit

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F o r n o w o n i t i s a c t u a l l y v e r y i n e x p e n s i v e t o m i n e o r c r e a t e b i t c o i n s t h a n t h e i r v a l u e i n t h e m a r k e t . Economic

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B i t c o i n i s n o t t h a t o l d c o n c e p t a s f i a t c u r r e n c y . B u t s t i l l t h e u s e r s t h a t h a v e u s e d i t o r i n v e s t e d i n i t p r o v i d e p o s i t i v e r e v i e w s n o n e t h e l e s s . Positive Past Records

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B i t c o i n i s f u l l y d e c e n t r a l i z e d w i t h o u t a n y i n v o l v e m e n t o f c e n t r a l a u t h o r i t i e s . T h i s e n a b l e s m o r e s e c u r i t y a n d d e c r e a s e s t r a n s a c t i o n f e e t h a t i s b e i n g c o n s u m e d b y b a n k s o r g o v e r n m e n t b o d i e s . T h i s f a c i l i t y m a k e s m o n e y t r a n s a c t i o n s u n t r a c e a b l e . Decentralized

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Thank You C O N T A C T U S : R I L C O I N N E W C R Y P O - T E C H N O L O G Y w w w . r i l c o i n . i o / r i l c o i n r i l c o i n

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